최신IFPUG Accredited in Business Valuation (ABV) - ABV무료샘플문제
문제1
To get an explanation or interpretation of something on the financial statements, or to consult
working papers for details that augment the financial
statements,
it may be necessary to interview the company's outside independent accountant. This is most often the case when:
To get an explanation or interpretation of something on the financial statements, or to consult
working papers for details that augment the financial
statements,
it may be necessary to interview the company's outside independent accountant. This is most often the case when:
정답: A,D
문제2
When non-controlling business ownership interests are valued by reference to the prices paid for guideline actively traded securities, the benchmark for the lack of marketability of the non-controlling ownership interests is the active public securities markets, this publicly traded counterpart value is often called:
When non-controlling business ownership interests are valued by reference to the prices paid for guideline actively traded securities, the benchmark for the lack of marketability of the non-controlling ownership interests is the active public securities markets, this publicly traded counterpart value is often called:
정답: A
문제3
As with any secondary sources, errors and inconsistencies occur, so the original source documents are the only guarantees of absolute accuracy as a source of merger and acquisition data. Which one of the following is NOT out of those original source documents?
As with any secondary sources, errors and inconsistencies occur, so the original source documents are the only guarantees of absolute accuracy as a source of merger and acquisition data. Which one of the following is NOT out of those original source documents?
정답: A
문제4
The advantages of the binomial model over the Black-Scholes model and its variations include:
The advantages of the binomial model over the Black-Scholes model and its variations include:
정답: C,D
문제5
An item that frequently causes controversy in a business valuation is the value of a:
An item that frequently causes controversy in a business valuation is the value of a:
정답: A
문제6
Most typically, a company, or some or all of its stock, is to be sold and a debt security received as all or part of the consideration. The seller needs to know the cash-equivalent value of the consideration being received in return for the company or stock being given up. It is uncommon for notes or other debt securities issued in connection with the acquisition of a company to have a cash equivalent value of the securities value.
Most typically, a company, or some or all of its stock, is to be sold and a debt security received as all or part of the consideration. The seller needs to know the cash-equivalent value of the consideration being received in return for the company or stock being given up. It is uncommon for notes or other debt securities issued in connection with the acquisition of a company to have a cash equivalent value of the securities value.
정답: B
문제7
Which of the following is Correct?
Which of the following is Correct?
정답: B
문제8
Financial risk is measured in the following ways EXCEPT:
Financial risk is measured in the following ways EXCEPT:
정답: A,B
문제9
Guidance for quantifying this discount can sometimes be observed in the marketplace by
comparing prices of conglomerate companies with the aggregate values of their parts,
referred to as their:
Guidance for quantifying this discount can sometimes be observed in the marketplace by
comparing prices of conglomerate companies with the aggregate values of their parts,
referred to as their:
정답: A
문제10
A valuation of the assets can even be important in _ in which a weighted average cost of capital method is used if the analyst uses the asset base as a determinant of the amount of debt that the company can support.
A valuation of the assets can even be important in _ in which a weighted average cost of capital method is used if the analyst uses the asset base as a determinant of the amount of debt that the company can support.
정답: A
문제11
Let's say that a company had 100,000 shares outstanding at the beginning of the year and issued 30,000 more shares on May 1. The 100,000 shares would be outstanding for four months and the 130,000 shares for eight months, or two-thirds of the year. The weighted average number of shares outstanding for the year would be:
Let's say that a company had 100,000 shares outstanding at the beginning of the year and issued 30,000 more shares on May 1. The 100,000 shares would be outstanding for four months and the 130,000 shares for eight months, or two-thirds of the year. The weighted average number of shares outstanding for the year would be:
정답: B
문제12
Regulated companies usually are regulated because they have a captive market and are in a monopoly position to supply a needed service; thus, their cost of capital should be considerably that that for an average company
Regulated companies usually are regulated because they have a captive market and are in a monopoly position to supply a needed service; thus, their cost of capital should be considerably that that for an average company
정답: A
문제13
The advantages of having a formal, independent outside appraisal, kept current with periodic updates are many. From a business planning perspective, the typical strong (management/ownership relationship) in a closely held business often requires a valuation study in order to support:
The advantages of having a formal, independent outside appraisal, kept current with periodic updates are many. From a business planning perspective, the typical strong (management/ownership relationship) in a closely held business often requires a valuation study in order to support:
정답: A,D
문제14
Which of the following is NOT the advantage of leasing to the lessee?
Which of the following is NOT the advantage of leasing to the lessee?
정답: C